OPC Conversion Queries

[Fuelsaver]

Preferential Additional Registration Fee (PARF)

 

The PARF rebate is computed based on the age of the car at de-registration . The age of the car is computed from the date of its registration in Singapore or its original registration in a foreign country, whichever is earlier. Imported used car registered in Singapore before 1 September 2007 is not eligible for PARF rebate.

 

Breakdown of the PARF benefit for PARF-eligible cars is indicated in the table below:

 

Age at Deregistration (year)

PARF Rebate (A) (for cars registered with COEs obtained before May 2002 tender)

PARF Rebate (B) (for cars registered with COEs obtained from May 2002 tender onwards)

 

Not exceeding 5

130% of OMV

75% of ARF paid

 

Above 5 but not exceeding 6

120% of OMV

70% of ARF paid

 

Above 6 but not exceeding 7

110% of OMV

65% of ARF paid

 

Above 7 but not exceeding 8

100% of OMV

60% of ARF paid

 

Above 8 but not exceeding 9

90% of OMV

55% of ARF paid

 

Above 9 but not exceeding 10

80% of OMV

50% of ARF paid

 

Above 10

Nil

Nil

 

For cars registered with COEs obtained from March 2008 tender exercise and onwards, the Additional Registration Fee (ARF) is 100% of Open Market Value (OMV). For cars registered with COEs obtained from March 2004 to February 2008 tender exercises, the ARF is 110% of OMV. For cars registered with COEs obtained from May 2002 to February 2004, the ARF is 130% of OMV. For cars registered with COEs obtained before May 2002, the ARF is 140% of OMV.

 

For imported used cars (only those registered in Singapore on or after 1 September 2007 will be eligible for PARF rebate), the $10,000 used car surcharge will not be taken into consideration in the computation of PARF rebate.

 

If your car has been a weekend car or an off-peak car (OPC) since its registration, the PARF rebate is as stated above or based on what the owner had actually paid as Additional Registration Fee (ARF) at the time of its registration, whichever is lower.

 

If your car is a converted off-peak car (OPC), additional PARF rebate may be given as follows:

 

Lifespan as converted OPC (in months and days) X $2,200/12

 

LINK: http://www.onemotoring.com.sg/publish/onem...OE_Rebates.html

 

 

QUESTION: does it mean i would have entitled to normal PARF (e.g. 50% of my ride's ARF) AND additional PARF rebate if i have converted my ride to OPC???

Edited April 5, 2010 by Fuelsaver